Wikipedia
V-block
V-Blocks are precision metalworking jigs typically used to hold round metal rods or pipes for performing drilling or milling operations. They consist of a rectangular steel or cast iron block with a 90-degree channel rotated 45-degrees from the sides, forming a V-shaped channel in the top. A small groove is cut in the bottom of the "V". They often come with screw clamps to hold the work. There are also versions with internal magnets for magnetic workholding. V-blocks are usually sold in pairs.